This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $64,428 initial cash invested.
-10.45%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$1,863
Rent
-$561
Cashflow
Cash Flow
$1,863 income − $2,424 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,428
Downpayment
20%
$61,360
Closing costs
1%
$3,068
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,863
Total Expenses
$2,424
Mortgage P&I
89%
$1,667
Property Taxes
8%
$146
Home Insurance
6%
$117
HOA
1%
$10
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0